Uniqly recently has announced that it has partnered with market-leading Oracle Network ChainLink to use its Verifiable Random Function (VRF) – a secured Random Number Generator (RNG). The partnership will help Uniqly to conduct ETH giveaway to participants purchasing t-shirts and other NFT collections.
Uniqly has successfully made its space in the market and is the first escrow allowing users to create and trade NFT tokens to materialize in the real world. By partnering with ChainLink to use its VRF feature, the company will distribute ETH prizes in a fool-proof manner. This means all participants in the Uniqly platform will have a prize to win.
Trading on Uniqly
Uniqly was launched to bridge the gap between Virtual Non-Fungible Tokens (NFT) and Real-World Goods. By using the revolutionary solution, Uniqly intends to create a unique and personalized clothing space using Blockchain technology. On the platform, any user can create a landing page to list products designed using a generator. Once done, users will be able to trade these NFT tokens in Uniqly’s digital marketplace.
This process will help users trade physical products, including work of arts and collectibles not generated. Additionally, users can also trade limited-edition NFT collections helping to unlock UNIQ tokens in escrow.
To reward the early community of Uniqly participants, the company will conduct an ETH for users who purchased t-shirts. To ensure the giveaway happens smoothly and no participants feel left out, Uniqly will use ChainLink VRF.
The Process Receiving Token
Uniqly will be assigning listed people their drops based upon the ETH amount used during the purchase. Once the customer chooses the specific shirt edition, the platform will send them a random token with a serial number. For instance, if you are purchasing a shirt falling under the 1000-1999 serial number, you will need to place 0.08 ETH to receive a random drop from the series.
The company, in its brief, said this would be their first collection, and this is the first time the NFT world will witness physical products tied up with NFT tokens.
As mentioned above, Uniqly was introduced to maintain good connectivity between the Mainstream market and the digital one. This is by allowing users to materialize their collectives and adding value to NFT. By using the Uniqly platform, many artists and brands can create NFT tokens and bring them into life to trade. In other words, Uniqly is trying to develop a marketplace for creative people and build an escrow service for handling precious goods.
ChainLink is a secured platform to power universally connected smart contracts. With ChainLink, developers can connect with Blockchain using high-quality data from the rest of other Blockchains. ChainLink is entirely managed by a decentralized community and is working towards the introduction of contracts.